NXP Semiconductors (NASDAQ:NXPI) Stock Rating Lowered by StockNews.com

StockNews.com cut shares of NXP Semiconductors (NASDAQ:NXPI) from a buy rating to a hold rating in a research note released on Friday morning.

Other equities research analysts have also issued reports about the company. Morgan Stanley lowered their price objective on NXP Semiconductors from $275.00 to $271.00 and set an equal weight rating on the stock in a research note on Wednesday, July 24th. Barclays upped their price objective on NXP Semiconductors from $280.00 to $330.00 and gave the company an overweight rating in a research note on Thursday, July 18th. Argus upped their price objective on NXP Semiconductors from $260.00 to $300.00 and gave the company a buy rating in a research note on Wednesday, May 1st. Citigroup upped their price objective on NXP Semiconductors from $150.00 to $220.00 and gave the company a sell rating in a research note on Monday, July 15th. Finally, Oppenheimer upped their price objective on NXP Semiconductors from $295.00 to $330.00 and gave the company an outperform rating in a research note on Friday, July 12th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, NXP Semiconductors presently has a consensus rating of Moderate Buy and a consensus price target of $294.89.

NXP Semiconductors Trading Down 1.0 %

Shares of NXPI opened at $235.41 on Friday. NXP Semiconductors has a 12-month low of $167.21 and a 12-month high of $296.08. The company has a quick ratio of 1.52, a current ratio of 2.21 and a debt-to-equity ratio of 1.04. The firm has a market capitalization of $60.19 billion, a price-to-earnings ratio of 21.74, a P/E/G ratio of 2.63 and a beta of 1.49. The stock’s 50-day moving average price is $269.97 and its 200 day moving average price is $251.68.

NXP Semiconductors (NASDAQ:NXPI) last issued its quarterly earnings results on Monday, July 22nd. The semiconductor provider reported $3.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.82 by $0.38. NXP Semiconductors had a return on equity of 35.65% and a net margin of 21.21%. The firm had revenue of $3.13 billion for the quarter, compared to analyst estimates of $3.13 billion. During the same period in the previous year, the company posted $3.04 earnings per share. The company’s quarterly revenue was down 5.2% compared to the same quarter last year. As a group, research analysts predict that NXP Semiconductors will post 12 earnings per share for the current year.

NXP Semiconductors Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 10th. Shareholders of record on Thursday, June 13th were issued a dividend of $1.014 per share. This represents a $4.06 annualized dividend and a yield of 1.72%. The ex-dividend date of this dividend was Thursday, June 13th. NXP Semiconductors’s dividend payout ratio is 37.40%.

Insider Activity

In related news, insider Julie Southern purchased 146 shares of the business’s stock in a transaction dated Tuesday, July 30th. The shares were bought at an average price of $257.54 per share, with a total value of $37,600.84. Following the purchase, the insider now directly owns 11,297 shares in the company, valued at approximately $2,909,429.38. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Kurt Sievers sold 8,548 shares of the stock in a transaction on Monday, June 10th. The stock was sold at an average price of $275.75, for a total value of $2,357,111.00. Following the transaction, the chief executive officer now owns 177,889 shares of the company’s stock, valued at approximately $49,052,891.75. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Julie Southern purchased 146 shares of the business’s stock in a transaction dated Tuesday, July 30th. The stock was bought at an average cost of $257.54 per share, for a total transaction of $37,600.84. Following the purchase, the insider now owns 11,297 shares in the company, valued at $2,909,429.38. The disclosure for this purchase can be found here. 0.11% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Drive Wealth Management LLC raised its stake in NXP Semiconductors by 4.3% during the 2nd quarter. Drive Wealth Management LLC now owns 953 shares of the semiconductor provider’s stock worth $257,000 after buying an additional 39 shares during the period. Beacon Capital Management LLC raised its stake in NXP Semiconductors by 36.4% during the 1st quarter. Beacon Capital Management LLC now owns 150 shares of the semiconductor provider’s stock worth $37,000 after buying an additional 40 shares during the period. Patten Group Inc. raised its stake in NXP Semiconductors by 1.2% during the 2nd quarter. Patten Group Inc. now owns 3,454 shares of the semiconductor provider’s stock worth $929,000 after buying an additional 42 shares during the period. West Paces Advisors Inc. raised its stake in NXP Semiconductors by 3.1% during the 2nd quarter. West Paces Advisors Inc. now owns 1,500 shares of the semiconductor provider’s stock worth $404,000 after buying an additional 45 shares during the period. Finally, Octavia Wealth Advisors LLC raised its stake in NXP Semiconductors by 5.4% during the 2nd quarter. Octavia Wealth Advisors LLC now owns 880 shares of the semiconductor provider’s stock worth $238,000 after buying an additional 45 shares during the period. Institutional investors and hedge funds own 90.54% of the company’s stock.

About NXP Semiconductors

NXP Semiconductors N.V. offers various semiconductor products. The company's product portfolio includes microcontrollers; application processors, including i.MX application processors, and i.MX 8 and 9 family of applications processors; communication processors; wireless connectivity solutions, such as near field communications, ultra-wideband, Bluetooth low-energy, Zigbee, and Wi-Fi and Wi-Fi/Bluetooth integrated SoCs; analog and interface devices; radio frequency power amplifiers; and security controllers, as well as semiconductor-based environmental and inertial sensors, including pressure, inertial, magnetic, and gyroscopic sensors.